With more than a century of operations in several key markets, Citi’s ability to combine global reach with local expertise, tailor solutions to complex corporate structures and drive digital innovation at scale were key features underpinning its win as Latin America’s best bank for large corporates.
Across Brazil, Colombia, Peru and Costa Rica, Citi is the preferred partner for large local and multinational corporates navigating complex environments. In 2024, its performance was defined by high-profile capital markets deals, integrated treasury solutions and risk management structures that spanned geographies and asset classes.
Deep-rooted institutional presence
Operating in Brazil since 1915, Colombia since 1916, Peru since 1920 and Costa Rica since 1968, the bank is the longest-standing foreign financial institution in many of these markets. Its ability to serve as a bridge between local economies and global capital markets has cemented its role as a strategic partner to governments and corporates alike.
For treasurers of large corporates, Citi’s end-to-end solutions continue to stand out
In December 2024, Citi formally completed the separation of its consumer banking operations from its institutional business in Mexico, underlining its continued focus on institutional and corporate clients across the region.
Citi’s leadership in debt capital markets was evident across the region. In Brazil, it acted as bookrunner on a $4.5 billion dual-tranche transaction for the federal government. In Colombia, the bank played a key role in the largest-ever international bond issuance for the Republic, a $3.64 billion deal that attracted strong global investor interest.
Innovation in Citi Services
For treasurers of large corporates, Citi’s end-to-end solutions continue to stand out. In Peru, 90% of all payment transactions were processed through Citi’s advanced connectivity channels. The bank’s suite of digital tools – including Citi Payment Outlier Detection and Citi Payment Insights – provided real-time transparency and fraud monitoring for payment flows.
Citi Peru also enabled centralised visibility and control over cash positions by offering liquidity management solutions such as Target Balance Accounts and InfoPool.
In Costa Rica, Citi supported the shared service centres of global corporates through its leading connectivity platforms, CitiDirect and CitiConnect API. The bank enabled real-time FX and treasury operations across more than 96 countries – critical for multinationals managing global supply chains and back-office functions from the region.
